SPHERE Investments has acquired the PAM Health Rehabilitation Hospital of Greater Indiana — South Campus, a 66,143-square-foot inpatient rehabilitation facility in New Albany, just north of Louisville. Under PAM Health’s management, the hospital will offer comprehensive recovery services for patients with serious injuries, surgeries and chronic conditions as well as interdisciplinary care such as physical, occupational and speech therapy. The seller had purchased the property in 2018 for $23.4 million.